C7A 0.00% 0.9¢ clara resources australia ltd

Ann: Divestment of Taronga Tin Project in $34m Transaction, page-50

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  1. 8,414 Posts.
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    First Tin has a very strong management team including the CEO, Thomas Buenger,
    who was previously Chief Operating Officer of Arubis,
    the largest smelting conglomerate in Europe.


    Aus Tin will receive 60 million shares in First Tin,
    or a minimum of 22.6%
    of the shares in First Tin ($32.96M Worth)
    + $1.35M Cash
    .

    The total resource base of the company will increase to over 273,000t tin,
    equivalent to the fourth largest undeveloped tin resource worldwide.


    Can only imagine what 22.6% of a Company with,
    Such good, well connected management ,
    And so much Tin will be worth....
 
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